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As the Deputy will be aware, on 21st July 2020, Heads of State and Government reached agreement on the Post-2020 MFF and recovery plan “Next Generation EU”, totalling €1.82 trillion
Ireland has been a net contributor to the EU Budget since 2014, and this position is set to grow further over the course of the next MFF.
In May 2020, the European Commission produced a needs assessment underpinning the proposed “Next Generation EU”. In this needs assessment the European Commission estimated that Ireland’s contributions to the Next Generation EU package would in the region of approximately €18.7 billion over the next thirty years and estimated that Ireland may potentially receive a total of up to €2 billion in grants .
Ireland’s contributions to the EU Budget are projected to increase considerably over the coming period in all scenarios as a result of economic growth in recent years.
Ireland’s gross contribution to the EU Budget in 2019 was €2.4 billion. Ireland’s gross contribution to the EU Budget for 2020 is estimated to be €2.7 billion.
Irish contributions to the EU budget are expected to rise over the coming MFF period from approximately €3 billion in 2021, to over €4 billion in 2027, an average of €3.5 billion.
- Finance Minister Paschal Donohoe [link]